PayPal Board Sees Stripe-Advent's $53 Billion Bid as Undervaluing Company, Sources Say
The board says the $60.50-a-share offer may not capture PayPal’s future value and is weighing financing certainty and regulatory risks.
- PayPal's board views a $53 billion takeover bid by Stripe and Advent International as undervaluing the company, citing potential regulatory and financing hurdles as key concerns.
- Stripe and Advent submitted the $60.50-per-share offer earlier this month, aiming to jointly own PayPal as the company struggles against rivals like Apple Pay and Google Pay.
- Famed investor Michael Burry, known for 'The Big Short,' criticized the offer as "simply too low" in a post Wednesday, noting the bid sits about 24% below PayPal's 52-week high of $79.50.
- The PayPal board will meet as soon as Monday, July 20, to discuss the offer; if directors reject the $60.50 price, bidders may walk away or raise their proposal.
- Combining Stripe and PayPal would create one of the world's largest online payments companies, processing some $3.7 trillion of annual volume, though regulatory hurdles remain a key board consideration.
32 Articles
32 Articles
PayPal's Board Thinks Stripe And Advent's $53 Billion Offer Is Too Low. The Rejection Could Set The Stage For A Bigger Bid.
PayPal's board believes the $53 billion takeover proposal from Stripe and Advent International does not adequately value the payments giant.
PayPal board rebuffs $53bn Stripe and Advent bid as too low, sources say
PayPal’s board reckons that a $53bn (£39bn) joint takeover approach from Stripe and the private-equity firm Advent International sells the payments pioneer short, the latest twist in a fast-moving round of payments consolidation. People familiar with the talks told Reuters the directors view the offer as inadequate and have yet to respond formally. The approach values PayPal at […] This story continues at The Next Web
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PayPal Board Views $53 Billion Takeover Offer From Stripe and Advent as Too Low, Raising Deal Uncertainty
PayPal’s board of directors believes a proposed $53 billion takeover offer from payments rival Stripe and private equity firm Advent International undervalues the company, while ... The post PayPal Board Views $53 Billion Takeover Offer From Stripe and Advent as Too Low, Raising Deal Uncertainty first appeared on [your]NEWS.
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- 56% of the sources are Center
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